Historic low mortgage rates are not just for the single family/condo home buyer. Mortgage rates are also a major factor in profitability for the small investor who chooses to begin with an owner-occupied property. According to Madona Rhine-Stack at Alaska Continue Reading
Home Building – An Economic Booster
The construction industry in Anchorage lost 600 jobs in 2020. It was down from 7,800 in 2019 to 7,200. Most of that loss was in the commercial sector. In its January 2021 Jobs Forecast, Alaska Economic Trends reported that two of the three new hotels Continue Reading
Alaska’s Ever Changing Real Estate Market
More people are leaving Alaska than moving in. According to the Department of Labor, Alaska has lost more movers than it’s gained every year since 2013. As of July 2020, the population had fallen to 728,903 from 740,637 in 2016. Like many economic factors, the Continue Reading
It’s a New Year and a New Bubble
Nobody really knows what 2021 will be like but here are a few ideas to ponder when it comes to housing. Will you still be working from home? Perhaps, in a new ‘statement’ office-the envy of your former office mates? Will you be adding some blue/green Continue Reading
Reflections on the 2020 Real Estate Market
There is always a back story of how, where and when buyers and sellers enter the market. Nowhere or no time has this been more true than in 2020. Historic low mortgage rates brought a trove of first time buyers into the home buying market as well as move-up Continue Reading
A New Home or a Home Remodel in 2021
Your new or home remodel in 2021 may not have a tub in the owner’s bath but rather a large walk-in shower without a ‘curb’ on the shower pan. In fact, it may even be a walk-through shower with 12 x 24 smooth flat tiles without a pattern accent. That’s the latest buzz Continue Reading
An Important Apology from the President of the National Association of Realtors
In 1979 I received my Alaska real estate license. I was unaware that only 11 years before the National Association of Realtors had opposed the passage of the Federal Fair Housing Act. And at one time allowed members to be excluded based on race or gender. Thus, Continue Reading
Over $1 Billion in Closed Residential Sales
For the first ten months of 2020 in the Municipality of Anchorage. It’s an incredible number in light of COVID-19, high unemployment in hospitality and tourism and 3,000 fewer employees in the oil industry. October’s average sales price of $406,974 is the highest Continue Reading
VA Financing Helps Promote Home Ownership
At ten percent, Alaska has the highest per capita share of veterans than any other state. And according to the 2016 Housing Assistance Council, Alaskan veterans have a home ownership rate of 69.5% which is higher than the homeownership rate for Continue Reading
Not All Condos Are Residential
When I say condos, I’m always talking about bedrooms, bathrooms and garages but when Lottie Michael talks condos, it’s all about ceilings heights, plumbing and medical complexes. Lottie Michael, CCIM, heads up Berkshire Hathaway Home Services Alaska Realty’s Commercial Continue Reading
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Connie Yoshimura is the Owner and Broker of Berkshire Hathaway HomeServices Alaska Realty. With over 40 years of residential real estate experience, she continues to be a leader in Alaska’s housing market. Most recently, she sold the highest-priced home ever recorded in the Alaska MLS.